BNP Paribas Financial Markets Purchases 47,444 Shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB)

BNP Paribas Financial Markets increased its position in shares of Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB - Free Report) by 125.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 85,122 shares of the financial services provider's stock after acquiring an additional 47,444 shares during the period. BNP Paribas Financial Markets' holdings in Home Bancshares, Inc. (Conway, AR) were worth $2,306,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of HOMB. UMB Bank n.a. boosted its position in shares of Home Bancshares, Inc. (Conway, AR) by 186.2% during the 3rd quarter. UMB Bank n.a. now owns 1,222 shares of the financial services provider's stock valued at $33,000 after acquiring an additional 795 shares during the last quarter. GAMMA Investing LLC raised its stake in Home Bancshares, Inc. (Conway, AR) by 49.7% in the third quarter. GAMMA Investing LLC now owns 1,286 shares of the financial services provider's stock valued at $35,000 after purchasing an additional 427 shares in the last quarter. Blue Trust Inc. raised its stake in Home Bancshares, Inc. (Conway, AR) by 41.6% in the third quarter. Blue Trust Inc. now owns 1,797 shares of the financial services provider's stock valued at $49,000 after purchasing an additional 528 shares in the last quarter. Point72 DIFC Ltd bought a new stake in Home Bancshares, Inc. (Conway, AR) during the second quarter valued at approximately $75,000. Finally, nVerses Capital LLC purchased a new position in Home Bancshares, Inc. (Conway, AR) in the 3rd quarter worth approximately $187,000. 67.31% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Home Bancshares, Inc. (Conway, AR) news, Director Jack Engelkes sold 25,000 shares of the company's stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $30.12, for a total value of $753,000.00. Following the sale, the director now owns 199,195 shares in the company, valued at approximately $5,999,753.40. This represents a 11.15 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director James Pat Hickman sold 63,997 shares of the firm's stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $30.77, for a total transaction of $1,969,187.69. Following the transaction, the director now directly owns 175,500 shares of the company's stock, valued at $5,400,135. This represents a 26.72 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 90,997 shares of company stock valued at $2,782,548 over the last ninety days. 7.66% of the stock is owned by insiders.

Home Bancshares, Inc. (Conway, AR) Price Performance

Home Bancshares, Inc. (Conway, AR) stock remained flat at $31.01 during trading hours on Friday. The company's stock had a trading volume of 509,358 shares, compared to its average volume of 948,537. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.91 and a current ratio of 0.91. Home Bancshares, Inc. has a 1-year low of $22.38 and a 1-year high of $32.90. The stock has a 50-day simple moving average of $28.79 and a 200-day simple moving average of $26.69. The stock has a market cap of $6.16 billion, a price-to-earnings ratio of 15.98 and a beta of 1.08.

Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB - Get Free Report) last issued its earnings results on Wednesday, October 16th. The financial services provider reported $0.50 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.03). The firm had revenue of $258.00 million during the quarter, compared to analysts' expectations of $258.90 million. Home Bancshares, Inc. (Conway, AR) had a return on equity of 10.33% and a net margin of 26.69%. The firm's quarterly revenue was up 5.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.47 earnings per share. As a group, research analysts expect that Home Bancshares, Inc. will post 2.04 earnings per share for the current year.

Home Bancshares, Inc. (Conway, AR) Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 4th. Stockholders of record on Wednesday, November 13th were issued a dividend of $0.195 per share. The ex-dividend date of this dividend was Wednesday, November 13th. This represents a $0.78 dividend on an annualized basis and a dividend yield of 2.52%. Home Bancshares, Inc. (Conway, AR)'s dividend payout ratio is currently 40.21%.

Analyst Upgrades and Downgrades

HOMB has been the subject of a number of research analyst reports. Stephens lifted their price objective on shares of Home Bancshares, Inc. (Conway, AR) from $30.00 to $31.00 and gave the stock an "overweight" rating in a report on Friday, October 18th. StockNews.com raised Home Bancshares, Inc. (Conway, AR) from a "sell" rating to a "hold" rating in a research note on Wednesday, November 6th. Keefe, Bruyette & Woods increased their price objective on Home Bancshares, Inc. (Conway, AR) from $28.00 to $32.00 and gave the company a "market perform" rating in a research report on Wednesday. Royal Bank of Canada restated a "sector perform" rating and issued a $28.00 target price on shares of Home Bancshares, Inc. (Conway, AR) in a research report on Friday, October 18th. Finally, Piper Sandler increased their price target on shares of Home Bancshares, Inc. (Conway, AR) from $30.00 to $31.00 and gave the company an "overweight" rating in a research report on Friday, October 18th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average price target of $30.50.

Home Bancshares, Inc. (Conway, AR) Company Profile

Home Bancshares, Inc (Conway, AR) operates as the bank holding company for Centennial Bank that provides commercial and retail banking, and related financial services to businesses, real estate developers and investors, individuals, and municipalities. Its deposit products include checking, savings, and money market accounts, as well as certificates of deposit.